Citizens Must Trade Votes for Growth
Businessworld|December 01, 2021
HISTORY, INSIGHT, AND A LITTLE OBSERVATION tell us that economic growth is the most powerful instrument for scaling the socioeconomic pyramid. It is pivotal to poverty eradication and sustainable development. Growth triggers a virtuous circle of prosperity, catalyses a progressive ecosystem. It vitalises the quality of life, social harmony, equality and opportunity.
Vikas Singh
Citizens Must Trade Votes for Growth

Political Class Trade Voters’ Long Term Future for the Next Term

Voters expect the state to create the enabling ecosystem to grow the development pie so every individual may have their fill, making most people self-reliant, independent of the ephemeral largesse of the state. However, and instead, our political leaders especially in election bound states, conveniently divide the pie to the level where most are eventually denied.

Elections have a familiar plot. We are witnessing a spectacle where leaders make grand promises, but deliver little. Unrealistic promises, irrational freebies and sops are on the rise.

The Indian electorate have been extremely judicious, rejecting the fringe, shunning those who plot power, manipulate voters. They instead embrace those who look ahead, present sustainable development plans. However this has changed in the last two decades.

A Crux study across 17 states reveals that about Rs 800 is scattered and ‘invested’ for every electoral vote. However less highlighted, even ignored, is the larger malice i.e., electoral short-termism; election-focused welfare schemes, and the ‘targeted’ freebies that the incumbent spends to lure voters. The challengers respond with equal vengeance, tempting with taller promises, layering these promises with winnable slogans. Promises they can never keep.

But they promise, nevertheless.

Freebies & Sops Benefit Only Individuals. Growth is the Casualty

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESSWORLDView all
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 mins  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 mins  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 mins  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 mins  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 mins  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 mins  |
October 19, 2024